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Bloomberg Crypto Analyst Predicts Deep Dive for Bitcoin, Plus Ripple and XRP, Tron, Ethereum, Stellar, Bitcoin Cash: Crypto News Alert

by Daily Hodl Staff
November 19, 2018
in Altcoins

From a new outlook on the price of Bitcoin to the rise of XRP, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

The senior market research analyst at Bloomberg Intelligence says Bitcoin remains on a bearish trajectory.

Mike McGlone says the price of BTC could drop all the way down to $1,500. According to McGlone, the slump “was sparked by the pump for the Bitcoin Cash hard fork. That pump that began a few weeks ago got the market a bit too offsides with speculative longs playing for the good-old days. But this is an enduring bear market.”

Ripple and XRP

After passing Ethereum to become the second largest cryptocurrency by market cap, Ripple and XRP fans are talking about XRP’s odds of “flippening” Bitcoin next.

The higher $XRP climbs the more I am certain it will flip $BTC in 2019.

Very obvious this will be our new crypto standard.

Hard to accept for many but so was bitcoin back in 2010

— Sir Bitlord (PhD) (@Crypto_Bitlord) November 18, 2018

It's coming!!! #xrp #xrpthestandard #ripple #xrpcommunity #XRPcommunity pic.twitter.com/Xajuqn3Qyv

— FirePower (@FirePowerFP) November 17, 2018

Of course, not everyone is on board.

$XRP will never replace $BTC because it doesn't offer the same value proposition. It's good for what it is (cheaper and faster SWIFT) and congrats to anyone who made money off it but it's not permissionless decentralized money without masters.

— ?TF%$D! (@CryptoHustle) November 18, 2018

https://twitter.com/ProfFaustus/status/1064080622430445568

Twitter chatter about XRP has nearly matched that of Bitcoin in the last couple of days, according to the latest stats from Cointrendz.

Ethereum

All Ethereum-based tokens now display automatically on Coinbase Wallet, following a new upgrade. Fiat values for all coins are also displayed automatically.

Stellar

A new stablecoin called Novatti is scheduled to launch on the Stellar network on Monday.

The coin is designed to be pegged 1:1 to the Australian dollar through the company’s licensed subsidiary, Flexewallet Pty Ltd.

Bitcoin Cash

Bitcoin Cash (BCHABC) evangelist and CEO of Bitcoin.com, Roger Ver, just gave a new interview on the recent hard fork.

Ver talks about what went down and what’s to come after the split.

Tron

Tron has released an overview of the network’s progress in the last month and a half, tracking account activity and transaction volume. It highlights Tron’s $3-million donation to Binance Charity and the network’s 38% increase in the number of accounts and more.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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